Property 360
Fannie Mae has automated the process for the reimbursement of capitalized advances on loan modifications and work out incentives and has transitioned it to Property 360™
The Property 360™ application is the single system to manage expense reimbursement and confirm REOgrams™ with Fannie Mae. It’s also an integration option for servicers to access the Pre-Foreclosure Property Inspection & Preservation Program. Property 360 applies automation and real-time data to simplify processes, reduce manual data entry, and provide time and cost savings for servicers.
Expense Reimbursement
Planned functionality of Property 360 will include:
- Proactive feedback provided on potential denials and prepayment audits
- Escalations and inquiries submitted within the application
- Access loan-level expenses, financial details, and expense approvals
REOgrams
- Automatically creates REO cases by using real-time data sources, which eliminate the need for servicers to manually submit REOgram notifications
- Offers near real-time exception reporting for any data discrepancies
- Servicers will use Property 360 to review and confirm whether a property has been transferred into REO due to foreclosure or Mortgage Release and/or resolve any exceptions related to the REOgram
Pre-Foreclosure Property Inspection & Preservation Program
- Property 360 is a data integration option for servicers to access the Pre-Foreclosure Property Inspection & Preservation Program
- Easily submit pre-foreclosure loans for the program
- Eliminates inspection and preservation expenditures for servicers
- Reduces the process and wait time for reimbursement from Fannie Mae
Access
Property 360 is a no-cost solution for servicers. Onboarding is ongoing:
- Expense reimbursement: Read the Property 360 Expense Reimbursement Onboarding Checklist
- REOgram: See details provided in the Granting Access to P360 REOgram
- Pre-Foreclosure Property Inspection & Preservation Program: To learn more about the program, contact [email protected]
Help & Training
Help
- Property 360 Expense Reimbursement Edit Dictionary Job Aid
- Property 360 Expense Reimbursement Onboarding Checklist
- Property 360 Expense Reimbursement User Guide
- Property 360 Expense Capitalized Advances and Workout Incentives Job Aid
- Property 360 Claims Submission Procedures Job Aid
- Property 360 Expense Reimbursement FAQs
- Property 360 REOgram Notification User Guide
- Pre-Foreclosure Property Inspection and Preservation Program User Guide
- Property 360 Excess Fees and Costs User Guide
Training
- Property 360 Expense Reimbursement eLearning
- Property 360 Expense Reimbursement Microlearning - Non-Recoverable/Not Yet Recovered Expenses
- Property 360 Expense Reimbursement Microlearning - Validating Claims
- Property 360 Bulk Claims Submission Procedure eLearning Course
- Property 360 Claims Submission Demo
- Property 360 REOgram Solution Demo
- Property 360 Excess Fees Portal eLearning
Release Notes
REOgrams
- Property 360 Release Notes | May 22, 2023
- Property 360 Release Notes | March 1, 2023
- Property 360 Release Notes | Feb. 2, 2023
Expense Reimbursement
- Property 360 Release Notes | November 1, 2023
- Property 360 Release Notes | August 24, 2023
- Property 360 Release Notes | July 20, 2023
- Property 360 Release Notes | June 22, 2023
- Property 360 Release Notes | June 1, 2023
- Property 360 Release Notes | May 18, 2023
- Property 360 Release Notes | April 27, 2023
- Property 360 Release Notes | April 20, 2023
- Property 360 Release Notes | March 23, 2023
- Property 360 Release Notes | Dec. 15, 2022
- Property 360 Release Notes | Dec. 1, 2022